Rupee trades higher at 74.745 per dollar

WION Web Team NEW DELHI Jul 31, 2020, 02.10 PM(IST)

File photo. Photograph:( ANI )

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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.40 per cent to 92.65.

Indian rupee is trading higher at 74.75 per dollar, amid volatile trade seen in the domestic equity market.

At the interbank forex market, the rupee opened at 74.74, gained further ground and touched 74.69 against the US dollar, up 15 paise over its last close of 74.84.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.40 per cent to 92.65.

"The US dollar extended losses this morning in Asian trade weighed down by weak economic data and President Trump's tweet on elections," Reliance Securities said in a research note.

(With inputs from agencies)